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Learning & News => News related to Crypto => Topic started by: newshunter on November 20, 2020, 07:00:47 AM

Title: Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards
Post by: newshunter on November 20, 2020, 07:00:47 AM

Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards

Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in one week.

Source: Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards (https://cointelegraph.com/news/attack-of-the-vampires-uniswap-loses-57-tvl-as-rivals-up-rewards)

Would appreciate your opinion about this

Title: Re: Attack of the vampires: Uniswap loses 57% TVL as rivals up rewards
Post by: Mexite on November 22, 2020, 06:58:19 AM

There are lots of new AMM DEX out there that are trying to outcompete Uniswap and poach on their liquidity pool. I still believe that Uniswap will come out top in spite of the challenge from competitors.
I believe they can reposition themselves with a new upgrade that will draw LPs back.